Description
At Crescent Hotels & Resorts,
we are a team of hospitality professionals that are deeply connected to & proud
of the exceptional experiences we provide for our guests. More than that,
we know our Associates are the shining stars of what we do!
We understand
what it takes to be a part of something great. We will encourage you to bring
your true self to work every day, we will celebrate you and we will cheer you
on as you shine bright in your career journey. Whether it be our health &
wellness programs, best in class learning and development or our travel
discounts that ‘feed your inner explorer’, we work hard to create and deliver
on what YOU need.
Elevate your career at VEN at Embassy
Row, where modern luxury meets the energy of one of Washington, D.C.'s
most iconic neighborhoods. Nestled in the heart of historic Embassy Row,
this upscale lifestyle hotel offers thoughtfully designed guest rooms, a lively
rooftop pool and bar, destination dining, and versatile event spaces
that welcome everyone from global diplomats to discerning travelers.
This is an exceptional opportunity to lead the financial strategy for
a one-of-a-kind property where innovation, culture, and hospitality come
together.
JOB SUMMARY
The Director of Finance
is responsible for providing ethical and consistent leadership in the financial
area of the hotel by supplying management with guidance, training and support.
The Director of Finance is also responsible for focusing on the profitability
of the business, maintaining accurate and timely financial reporting, ensuring
acceptable levels of internal controls, ensuring compliance with all federal,
state, and local regulations, and safeguarding owners/investors
assets.
RESPONSIBILITIES
Financial:
Acts as the “Chief Business Officer” to the general manager and EC Team, and
as such is responsible for evaluating the financial impact on business
decisions. Ensure that all levels of management are promptly notified
of any financial deviations from established policies and/or control weaknesses
in the hotel. Effectively manage and communicate cash flow related
issues, as required to management and ownership. This includes the accurate
and timely preparation of cash-flow statements, management of receivables, cash
balances, control mechanisms and timely deposits of all funds. Monitor
hotel revenues and expenses and ensure the accurate recording in accordance
with Crescent Hotels and Resorts established guidelines. Investigate
and critique variances to budget or to prior year and offer practical
improvement strategies to management. Monitor the capital planning
process by assisting management with calculation of return on capital
improvements, gathering support and monitoring the bid process, and evaluating
scope of work and specifications. Ensure hotels’ compliance on all
regulatory licenses and permits, leases, contracts, legal agreements, and
the proper execution of all operational taxes. Provide assistance to management
in enforcing compliance on all these items. Coordinate the completion
of all forecasts and budgets as required, with the full and active participation
of EC Team and department managers. Analyze financial data
and operations in order to assist and advise management in maintaining
the hotels’ financial objectives. Ensure that all balance sheet
accounts, including bank reconciliations are reconciled on a timely
basis. Establish and continually audit all internal financial controls
including purchasing, cash handling, disbursements, credit extension,
inventories, hotel assets, master keys, payroll, and employee records.
Embrace a continuous growth environment by actively hiring professional staff
and assisting in recruiting, reviewing, recommending and maintaining
an inventory of qualified and promotable Associates that can potentially become
Controllers, Assistant Controllers, Accounting Managers, and other managers
for the organization. Continually focus on training and development
programs for finance associates to cultivate the “brightest” and “best” talent
within the industry. Hire, train, supervise and develop staff,
including coaching, counseling and discipline. Maintain compliance
with Crescent Hotels and Resorts standards and regulations to ensure safe
and efficient operation of the hotel. Ensure proper utilization,
maintenance and periodic upgrades of all IT systems and equipment.
Direct and/or prepare all financial reports in accordance with IHR requirements
meeting various due dates and deadlines:Daily:
Review and submit a Daily Revenue Report. Ensure timely deposit of all
cash and transmission of Credit Cards. Review Labor Report for overtime
and any variance to Forecast.Weekly:
Review
departmental Checkbooks and advise of any needed changes. Distribute
and discuss weekly G/L report with department managers. Update GM
on any unfavorable financial issues impacting the month. Ensure there
is sufficient cash to meet all scheduled
obligations.Monthly:
Reconcile Balance Sheet
with proper back up. Ensure that all banks are counted. Count
the main vault. Review “Key Financial Controls” Checklist to ensure
adherence and compliance. Review actual numbers to forecast to find
discrepancies in forecasting to improve accuracy in future months.
Participate in the monthly Credit Meeting. Actively participate,
complete and review the forecast with Department Heads prior
to submission.Annual:
Complete the Internal
Control Questionnaire (ICQ) bi-annually. Conduct a surprise payroll
audit bi-annually. Actively participate, complete and review the annual
budget with Department Heads prior to submission. Prepare all analysis
that may be required by ownership and outside accounting firms. Conduct
and/or attend and contribute to periodic meetings to maintain favorable working
relationships among employees and promote maximum morale, productivity,
and efficiency:Executive Committee Sales & Service Financial
Review
Departmental Budget & Forecast Credit & Collection Business Review
Meeting
Ensure and monitor that the hotel is in compliance with all
report deadlines and due dates and reacts accordingly. Maximize efforts
towards productivity, identify problem areas and assist in finding
and implementing their solutions. Approach all encounters with guests
and employees in an attentive, friendly, courteous and service-oriented
manner. Maintain regular attendance in compliance with Crescent Hotels
and Resorts standards, as required by scheduling which will vary according
to the needs of the hotel. Maintain high standards of personal
appearance and grooming, which include wearing the professional attire
and nametag when working. Comply at all times with Crescent Hotels
and Resorts standards and regulations to encourage safe and efficient hotel
operations.Management:
Participate in M.O.D.
coverage as required. Attend meetings/training as required
by management. Perform other duties as requested
by management.QUALIFICATION
STANDARDS
Education & Experience:
A minimum of 8 years of related progressive experience in hotel Accounting
or related field; or a 4-year college degree with an Accounting/Finance
concentration and a minimum of 4 years of related progressive experience; or
a 2-year college degree and a minimum of 6 years of related progressive
experience.Physical Requirements:
Long hours
sometimes required. Sedentary work, exerting up to 25 pounds of force
occasionally and/or negligible amount of force frequently or constantly to lift,
carry, push, pull or otherwise move objects.Mental
Requirements:
Must be able to convey information and ideas
clearly. Must be able to evaluate and select among alternative courses
of action quickly and accurately. Must work well in stressful, high
pressure situations. Must maintain composure and objectivity under
pressure. Must be effective in handling problems in the workplace,
including anticipating, preventing, identifying and solving problems
as necessary. Must have the ability to assimilate complex information,
data, etc., from disparate sources and consider, adjust or modify to meet
the constraints of the particular need. Must be effective at listening
to, understanding, and clarifying the concerns and issues raised by co-workers
and guests. Must be able to work with and understand financial
information and data, and basic arithmetic functions. Must be able
to prioritize departmental functions in order to meet due dates
and deadlines.Equal Opportunity Employer/Protected Veterans/Individuals
with Disabilities
This employer is required to notify all applicants
of their rights pursuant to federal employment laws.
For further information, please review the
href="https://www.eeoc.gov/poster">Know Your Rights notice from
the Department of Labor.
All positions listed on this page
are outside of Marriott International, Inc. and its subsidiaries (“Marriott”).
These businesses are separate companies and separate employers from Marriott.
They control their own employment policies and practices, including hiring. If
you accept a position with one of these businesses, you will not be employed
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